RIAA Keeps Settlement Money, Artists May Sue

  • RIAA Keeps Settlement Money, Artists May Sue

    RIAA keeps money that was supposed to be for the artists.

    Funny. How many times in history has group A fought for or collected money for group B, only to have that money mysteriously stay in the hands of group A and group B wondering where the money went?

    It reminds of the same issue happening with New Line Cinema's "Lord of the Rings" franchise and the JRR Tolkien trust. After creating three of the highest grossing movies in history the owners of the intellectual rights of the whole story got ZERO dollars. New Line's excuse afterwards, "Your share got all used up in other fees and costs for us to bring the movie to production."

    Does that not sound like every Label->Artist music contract in the world?

    All comments reflect the views of the poster and not of last.fm or it's management.

    • razza said...
    • User
    • 6 Mar 2008, 09:07
    I never thought myself that artists ever got anything, it's always been the Label vs the Civilian. Artists barely get any money from their products that are sold anyway, if they all did it independent than a lot more money would be going there way in terms of sale figures but less of the album is sold and produced. Realistically RIAA needs every buck it can get its hand on, all they're doing is prolonging the calm before the sharing revolution goes in to full swing.

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